Policy

SEC lifts suspension on Heritage Capital Markets
Policy

SEC lifts suspension on Heritage Capital Markets

Close to three months after it announced a suspension on Heritage Capital Markets, the Nigerian Securities and Exchange Commission said it has lifted a ban on the company. In an official statement released by the Commission: “The Securities and Exchange Commission on Wednesday February 1, 2017 lifted the suspension of […]

CBN wants all banks to comply with ISA 701
Policy

CBN wants all banks to comply with ISA 701

The Central Bank of Nigeria has charged all banks to ensure that comply with ISA 701 an international audit standard. The Nigerian apex bank in a communique to all banks and their external auditors highlighted Rule 9 (Application of International Standard on Auditing (ISA) 701 – Communicating Key Audit Matters in the […]

SEC bans Ideal Securities & Investment Limited for life
Policy

SEC bans Ideal Securities & Investment Limited for life

The Securities and Exchange Commission has banned Ideal Securities & Investment Limited from all capital markets operations after the company was found guilty of irregularities. The SEC said it received a complaint from Mr. George Nchedo Okafor alleging various misconducts against the Ideal Securities. The Administrative Proceedings Committee (APC) said […]

Nigerian inflation slowed down in December to 18.55%
Ination

Nigerian inflation slowed down in December to 18.55%

For many people who expected another spike in inflation for December, latest data might be a positive disappointment. Latest data released by the National Bureau of Statistics revealed that Nigeria’s long-range battle with inflation might be coming to an end. As opposed to the to November rate which was 18.48%, […]